Crypto industry leaders are pillorying a new U.S. government report claiming that digital assets can help criminals flout federal sanctions law.
In a blog post from the U.S. Government Accountability Office (GAO) last Tuesday, authors asserted that foreign states working against American interests – including Iran and North Korea – “are using digital assets to evade the impacts of those sanctions.”
How Effective Is Crypto For Dodging Sanctions?
The report said that digital assets boast unique qualities that can make them an attractive tool for the task, including instantaneous cross-border payments and an element of anonymity.
“However, they also have limitations,” the report noted. “For instance, federal agencies and private sector actors may be able to trace transactions and those making them on public blockchains.”
Blockchains like Bitcoin (BTC) are well-known for having poor privacy, and have been used before to identify and arrest multi-billion dollar hackers and t
We współpracy z: https://cryptopotato.com/coinbase-blasts-u-s-gao-for-claiming-crypto-can-help-dodge-sanctions/
